Sandhar Technologies Limited — Interim / Quarterly Report 2021

Aug 6, 2021

Ref :STL / REG-30&33 / Outcome-BM /BSE / NSE / 2021-2022/82

Dated: 06" August, 2021

To, To, Department of Corporate Services, Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street C-1, G-Block, Bandra-Kurla Complex Mumbai - 400 001 Bandra, (E), Mumbai - 400051

BSE Limited National Stock Exchange of India Limited

BSE Code: 541163; NSE: SANDHAR

Dear Sir/ Madam,

Sub: Outcome of Board Meeting

Ref: Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are pleased to inform you that the Board of Directors of the Company, at its meeting held today i.e., on the 06th of August, 2021, which commenced at 11:45 AM. and concluded at 1:15 P.M. considered and approved, inter alia, the following items of business:

1. Un-Audited Standalone & Consolidated Financial Results of the Company, for the First Quarter ended on the 30th June, 2021, as recommended by the Audit Committee and the Statutory Auditors have carried out a 'Limited Review' for the same.

Further, Pursuant to the Regulation 33 of the Listing Regulations, we enclose herewith a copy of the Un-Audited Standalone & Consolidated Financial Results and Limited Review Reports issued by the Statutory Auditors of the Company as "Annexure- A",

• 1. The 29th Annual General Meeting of the Company is scheduled to be held on Thursday, 23rd September, 2021.
• 1. Register of Members and the Share Transfer Books of the Company will remain closed from 17th September,2021 till 23rd September, 2021 (both days inclusive).
• 1. Appointment of M/s K.K. Sachdeva & Associates, Company Secretaries, as the scrutinizer for E-Voting and other related work to be undertaken at 29th Annual General Meeting of

Sandhar Technologies Limited

the Company to be held for the Financial Year 2020-2021. A Brief profile of M/s KK. Sachdeva & Associates, is enclosed herewith and marked as "Annexure - B".

• 1. Re-appointment of M/s. Satija & Co., Cost Accountants as Cost Auditors for the Financial Year 2021-2022. A brief profile of M/s Satija & Co. is enclosed herewith and marked as "Annexure C".
• 1. Appointment of Shri Neel Jay Davar (DIN:09201336), as an Additional Director in the Category of Non-Executive and Non Independent Director of the Company w.e.f. 06t August, 2021 subject to the approval of the shareholders at the 29th Annual General Meeting of the Company.

Brief profile of Shri. Neel Jay Davar is enclosed herewith and marked as "Annexure-D".

The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/ CFD / CMD / 4 / 2015, dated September 09, 2015, are enclosed as "Annexure-E".

The above information will be made available on the Company's website www. sandhargroup.com

You are requested to take note of the same.

Thanking you,

Yours faithfully,

For SAN se eeeenosnes LIMITED

Komal Malik Company Secretary & Compliance Officer

Sandhar Technologies Limited

BSR& Co. LLP

Chartered Accountants

Building No. 10, 12th Floor, Tower-C Telephone: +91 124 719 1000 OLF Cyber City, Phase - 4 Fax: +31 424 235 8613 Gurugram ~ 122 002, India

To Baard of Directors of Sandbar Technologies Limited

• Ts We have reviewed the accompanying Statement of Unaudited Standslone Financial Results of Sandhar Technologies Limited ("the Company") for the quarter ended 30 June 2021 ("the Statement").
• 1. This Statement, which is the responsibility of die Company's management und approved by the Board of Directors, has been prepared its accardance with the rocagnition and measutement principles laid dawa in Indian Accounting Standard 34 "/nterim Financlal Reporting" ("Ind AS 34"), prescribed under Section (33 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,as amended ('Listing Regulations'). Our responsibility is to issue a report on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement, A review ix Imited primarily to Inquiries of Company personnel and analytical procedures applied to financial data and thus provides fess assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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1. Based on our review conducted as above, nothing has come to our affention that causes us to believe that the accompanying Statement, prepared in accordance with applicable secounting standards wad other recognised accounting practices and policies has not disclosed the uformation required to be disclosed in terms of Regulation 33 of the SEDI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in whieh it is wo be disclosed, or that it contains any material misstatement.

For BSR & Co. LLP Chartered Accountants

Shashank Atarwat

e Finn Registration ves = AS 4 y tA .

Partner Place: Gurugram Membership No. 095109 Date: 6 August 2021 ICAI UDIN: 21095109AAAABJ6587

Bsa Sandhar Technologies Limited CIN : L74999DL1987PLC029553

	Bsa	Sandhar Technologies Limited
	Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Dethi 110029.Tel : 0124 - 4518900, E-mail : investors@sandhar.in, Website : www.sandhargroup.com	CIN : L74999DL1987PLC029553
		STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDET 30 FUME 2024Standalone
Sr No.	Particulars		(3 in lakhs, except per equity share data)Quarter caded		Xearended
		30 June 2021Un-audited;	3 March 2021Audited(eter anies)	3¢ June 2020Un-audited¥	JL March 2021Audited
	Revenue from operations
1	2 Other income			9,935.76OITA	1,598,530 69939.33
3	Total income (1+2)Expeases	31,904.60	55,239.52	10,000.50	159,470.53
4	Cast of materials cansumed(a)Changes in inventories of finished gonds and work-in-progress(b)	21,005.24(329.92)		6,000 98426 38	1,01,910 726498)
	Employce benefits expense(c)Finauce costs(a)Depreciation and amortization expense	4,823.56199.58		2.988 31141 86	20,987 98909 43.
	(ce)(Other expenses	1,750 G6432135		1554.511,673 41	6,857 D120,423 15
	'Total expenses	31,769.87134.73	50,444.654,794.87	12,785.39(2,784.89)	1,50,922.418,547.72
					——
	5 Profit/(loxs) from operations before exceptioual item and tax (3-4)6 Exceptional item
	7 Profit/ (loss) (rom operationy after exceptional item and before tax (5-6)	134.73	4,794.87	(2,784.89)
	8 'Tax expensesCurrent tax(a)	4470	1,044 53
	Deferred tax chacge(hb)Total ax expenses	1.1035.80	6.861,045.39	703.16)
	9 Net profit/(loes) alter tax (7-8)	98.93	3,749.48	(2,081.73)
	10 Other comprehensive incomea) Ltems that will vot be reclassified to the statement of profit and loss
	i) Gain/ (Lose) on remeasarement of defined besefit obligatioail) [Incorne tax celating to the above	{135.0033.98	(462 39}40.86	GR 18(17.16)
	Total other comprehensive income for the period/ year (a (i*ii))	(401.02)	(121.53)	51.02
	IL Total comprebeasive income for the period/ year (9+10)	(2.09)	3,627.95	(2,030.71)
12	12 Paid up equity share capital (Face value of Ry £0/- per share)Reecrve excluding Revaluation Reasevae	6,019.07	6019.07	6,019.07
	14 Earnings Per Share (EPS) (Face valuc of Rs 10/- per share) (not annualised for quarter)Basic(a)	0,16			8,547.722,013 9210.602,024.526,523.20(534 80)134.60(400,20)6,123.006,019.074654.97

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Foc and on behalf of the Board of Dicectors af ~ Saudbac Technologies Limited we SNe AYA CoChaicithe wel Manay

BSR&Co. LLP

Chartered Accauntants

Buitding No, 10, 12th Floar, Tower-C Telephone: +91 424 719 1000 OLF Cyber Clty, Phase - ft Fax: +91 124 235 8613 Gurugram - 122 002, India

To

Board of Directors of Sandhar Technologies Limited

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Sandbar Technologies Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its shary of the net loss afer tax and total coniprehensive loss of its joint ventures (including a subsidiary of a joint venture company) for the quarter ended 30 June 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
• 1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ""nterim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regutation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review,
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Snstitute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures, A review is substantially Jess in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified inan audit. Accordingly, we do sot express an audit opinion,

We also performed procedures in accordance with the circular isyued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable,

1. The Statement includes the results of the following entities:

Parent Company: Sandhar Technologies Limited Subsidizries: Re

Sandhar Tooling Private Limited Sandhar Strategic Systems Private Limited Sandhar Technologies Barcelona S.L. Sandhar Technologies Poland sp. Zao Sandhar Technologies Ro SRL

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Sandhar Technologies de Mexico S de RL de CV Breniar Project, 8.L.

Joint ventures:

Sandhar Daewha Automotive Systems Private Limited Sandhar Han Sung Technologies Private Limited Sandhar Ecco Green Energy Private Limited Jinyoung Sandhar Mechatronics Private Limited Kwangsung Sandhar Technologies Private Limited Sandhar Whetron Electronics Private Limited Sandhar Dashin Auto Systems Private Limited Sandbar Amkin Industries Private Limited Winnercom Sandhar Technologies Private Limited Sandhar Han Shin Automotive Private Limited Sandhar Han Shin Auto Technologies Private Limited Sandhar Daesttin Technologies Private Limited

Subsidiary of a Joint venture:

Kwangsung Sandhar Automotive Systems Private Limited Daewha India Private Limited Sandhar Autotech Private Limited

• . Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit,
• . Based on our review conducted and procedures performed as stated in parugraph 3 above and based on the considetation of the review reports of other audstors reterred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordaniwe with the recognition and measurement principles laid down in the aforesaid indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required ta be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any moterial misstatement.
• We did not review the interim financial information of five subsidiaries included in the Statement, whose interim financial information reflect total revenues (before consolidation adjustments) of Rs, 9,141.16 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 483.20 lakhs and other comprehensive income (hefore consolidation adjustments) of Rs. 51.36 lakhs , for the quarter ended 30 June 2021, respectively, as considered in the Consolidated Unaudited Financlal Results. The interim financial information of these subsidiaries has been prepared in accordance with the accounting principles generally accepted in their respective countries. The Parent Company's Management has converted the interim financial information of these subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India, which have been reviewed by us. The Consolidated Unaudited Financial Results also includes the Group's share of net loss after tax (and other comprehensive loss) (before consolidation

Abs

BSR&Co.LLP

adjustinents) of Rs, 255.20 lakhs for the quarter ended 36 June 2021, as considered in the Statement, in respeut of three joint ventures, whose interim financial information has not been reviewed by us. These interiny financial information hag been reviewed by other auditor whose report has been fumished to us by the management and our conclusion an the Statement, in so far as 1 relates to he antounts and disclosures included in respect of these subsidiaries and joint ventures, is based solely on the reports af the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter,

For BSR & Co. LLP Chartered decountants ICAL Fin Registration Mo.: 101248 W/AW- 100022

Shashank Agarwal Partner Place: Gurugram Membership No.; 095109 Date: 6 August 2021 ICA] UDIN: 21095109AAAAEK4522

SANDHAR

Sandhar Technologies Limited CIN : L74999DL1987PLC029553 Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029.

	Sandhar Technologies LimitedCIN : L74999DL1987PLC029553
	Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029.Tel : 0124 - 4518900, E-mail : investors@sandhac.in, Website : www.sandhargroup.com
					ee
	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021		Consolidated
Se No.			(in lakhs, except per equity share data)
	Particulars	30 dune 2024	Quarter endedUL March 2021	30 June 2020	Year ended31 March 2021
		Un-audited:	Audited(refer note 5)	Un-audited:	Audited;
{	Revenue from operations	41,007 32	64,199 62		186,356 54
2	Other income	16011	31248		1,077.63
4	3 Total income (142)Expeases	4116743	64,512.10		"1.87.434.14
	Cascof materials consumed@)Changes iu inventories of finished goods and work-in-progress(b)		38,482 G4(172 Gly		1,909,150 09
	Employee benefits expense(c)Finance costs(d)		T9BLAS395 88		G1 BG27,774 191,602.06
	Depreciation and amortization expense(ce)Other expenses()	7,896 97	24233210,128 37		9,394.7630,529.70
	Toul expenses	40,672.00	§9,239.05	16,664.14	178,512.68
	5 Peofie/ (loss) fram aperations before exceptional item, share of (profit) /loss of joint ventures and tax (3-4)	495.43	§,273.08	(3,664.99)	8.92146
6	Exceptional item			F
7	Share of loss of joint ventures	SAG	219 43	M619 fT	1,119.93
8	Profit/(loss) from operations after exceptional item, share of lass af joiat venture before tax (5-6-7)	176.80	5,053.62	(4,011.18) 4	7.80155
	Tax expensesCurrent tax(a)	(26 80)	1,034.13	(945.99)	2,038 25
9	Deferred tax (credit) /charge{b)	(761)	(4.82)	4828	(20.08)
		£34.41)	4,929.31.	(897.71)	2OIR AT
	Total tax expenses	200.21	4,024.41	3313.87)	5,7RV.36
	Net profit/ (fous) after tax (8-9)11 Other comprehensive income		(172.26.	GAR	(544 G7)
	a) Themes that will nat be reclassified (o the statement of profit and lossi) Gain /(Loss) on remeasurement of defined benefit obligation	AV35.00%		OT Lay	137.08
	ii) Income tax relating to the abave	33.98	4335		4 OR
	b) Items that will be reclaseified to the statement of profit and losa@) Exchange diffeta of foreign oplatiag the fiin4	GR AR	139 67	57 ad	apan
10	i) Income tax celating to the aboveTotal other comprehensive income for the period / year (a+b)	(17 123	3d 92	4 46)
	12 Total comprehensive income for the period/ year (10+11)	{49,66}161.55	{243.66}3,790.65	94.403919.07)
	Profit attributable to:
	- Owners of the Company- Noa-controlling interest	222,35(ita)	4,013.16WAS.	3,101.60)(AL87)	(374.83)5 ADR AS5,775.37799
	Other comprehensive income attributable to:- Owners of the Compaay	211.21(49.66)	4,024 31(232,17)	(3113.47)94.40
	- Non-controlling interest	*(49 66)	(49)(233.66)	:94.40	5,783.36(373.04)(22)(374.53)
	Total comprekeasive iacome attributable to:- Owners of the Company	172.69	3,780.99	3,007.20)	5,402.33
	- Non-controlling interest	14)16E85	9663,790.65	CL87}(3,019,075
	Paid up cquity abare capital (Pace vatue of Rs 10/- per share)	6,019.07	6,019.07	6,019.07	6505,408.836,019.07
B14	Reserve excludisg Revaluation Reserves		«	*	74,418.43
1s	Earniogs Per Share (EPS) (Pace value of Rs 10/- per share) (not anoualised for quarter)Basic(2)Diluted(b)	035]0.35	6.696.69	17)GA?)	961

Notes: Continued

		"Particulars of subsidiaries, step-down subsidiaries and joint ventures (including Subsidiary of a joint venture compaay) as on 30 June 2021:a) Subsidiaries and step-dawn subsidiacies - (i) Sandhar 'I'echnologice Barcelona S.L, - subsidiary(ii) Sandbar Strategic Systems Private Limited- subsidiary(iii) Sandhar Tooling Private Limited- subsidiary(iv) Sendhar Technologies Poland ap. Zoo - step-dawn auhsidiary(v) Sandbar Technologies de Mexico § de RL de CY - step-down subsidiary(vi) Sandhar Technologies Ro SRL - step-down subsidiary (w.e.f. 4 March 2021)(vii) Breniar Project S.L. - step-down subsidiary (Liquidated on 23 April 2021)
	b) Joint Venturcs -	(i) Sandbar Daewha Automotive Systems Private Limited(ii) Sandhar Han Sung Technologies Private LimitedSaudhar Ecco Green Energy Private Limited(iii)(iv) Jinyoung Sandhar Mechatronics Private Limited(v) Sandbar Ankin Industries Private Limited(vi) Sandbar Dashin Auto Systems Private Limited(vii) Sandbar Wheuon Electronics Private Limited(viii) Kwansung Sandhar Technologies Private Limited(ix) Sandbar Han Shin Auto Technologies Private Limited{x) Wianercom Sandhar Technologies Private Limited(xi) Sandbar Han Shin Automotive Private Limited (under strike aff)
	c) Subsidiary of a joint venture company:	(xii) Sandhar Dacshin Technologics Private Limited w.e.f. 29 Juty 2020(i) Kwangsung Sandbar Automotive Systems Private Limited(ii) Daewha Ludia Private Limited w.c.f. 29 January 2021(iii) Sandbar Autotech Private Limited w.e.€, 27 January 2021
	Managhas beeniily	Refer Annexure 1 to the Statement for disclosure with respect to segment revenue aud segment results for the quarter euded 30 June 2021.luating the possible effects that may result from the pandemic relating to COVID-19 on the operational and financial results of the Group for the quarter ended on 30 June
		2021. The Group has considered and taken into account internal and external information in assessing the recoverability of (uancial and nou finaucial asyew. Given the uncertainties associated with nature,condition and duration of COVID-19, dhe impact assessment on the Group's fiaaocial information will be continuously made and provided for ay required.Figures of the quarter ended 31 March 2021 are the balancing figures between audited figures of the full financial year ended 31 March 202L and published year to date figures upto 31 December 2020, being thedate of the end of the third quarter which bave been reviewed by the statutory auditors.
	GeneralMeetingshall bedecidedand informed	The Board of Directors at its Meeting held on 21 May 2021, has recommend a final dividend @ 12.5% i.e. Rs, 1.25 per equity share. The dates of the Rook closure for the entitlement of such dividend and Annualia duecourseof Gime,
	the CompanyTheStandaloneresultsof	the Company'swebsite www-.sandhargronp.com. The keyace availableonParticular	financial inkdak	of the Campany is given below:ion
			30 June 2021Uu-widited134.73	31 March 2011Auilitednote	40 Junc 202031 March 2021Un-nuditedAudited9
	'ax expensefor theincome, met oF income tax		35.90
					For and on behalf of the Board of Directors ofSandbar Technologies LimitedVet
Place: Gurugeam	Dated : 6 August 2021				(varie pavarCo-Chairman aii MDirector

Particular	30 June 2021	31 March 2011	40 Junc 2020	31 March 2021
	Uu-widited	Auilitednote	Un-nudited	Audited
			9
	134.73
'ax expense	35.90
for the
income, met oF income tax
			For and on behalf of the Board of Directors of	Sandbar Technologies LimitedVet
Dated : 6 August 2021			Co-Chairman aii M	(varie pavarDirectoring

Vet (varie pavar

Sandhar Technologies Limited CIN : L74999DL1987PLC029553 Regd. Office: B - 6/20, L.S.C. Safdarjung Enclave, New Delhi 110029. Tel : 0124 - 4518900, E-mail : investors@sandhar.in, Website : www.sandhargroup.com Annexure 1 - Segment revenue and Segment results For the quarter ending 30 June 2021 Sr No. Particulars Quarter ended ( in lacs) Year ended (% in lacs) 30 June 2021 31 March 2021 30 Tune 2020 31 March 2021 Un-audited Audited Un-audited Audited _ on wa Segment revenue a) India b) Excope Income from operations (net) Segment results (profit (+), loss (-) before tax, exceptional items and interest from each segment) a) Incia b) Europe Total Less: a) Interest (Gnance costs) b) Excepticnal items Total Profit before tax Segment assets a) India b) Exxope Total assets Segment liabilities a) India b) Euzope Total liabilides Capital employed (Segment assets less Segment liabilities) a) India b) Europe Total capital employed. 31,866.47 9,140.85 55,389.08 8,810.54 10,050.74 2,875.21 1,59,651.65 26,704.86 41,007.32 64,199.62, 12,925.95 1,86,356.51 (34.83) 598.16 563.33 386.52 4,866.23 583.27 5,449.50 395.88 (3,024.79) (680.31) (3,705.10) 306.07 8,393.00 1,010.59 9,403.59 1,602.06 176.81 5,053.62 (4,011.17) 7,801.53 1,11,542.61 41,988.04 1,20,989.81 38,604.49 93,924.43 34,895.66 1,20,989.81 38,604.49 1,53,530.65 159,594.30 1,28,820.09 1,59,594.30 35,623.64 36,938.90 44,697.83 34,089.91 23,859.22 31,372.37 44,697.83 34,089.91 72,562.54 78,787.74 55,231.59 78,787.74 75,918.97 5,049.14 76,291.98 4,514.58 70,065.22 3,523.29 76,291.98 4.51458 80.968, 11 80,806.56 73,588.51 80,806.56

BRIEF PROFILE OF K.K SACHDEVA & ASSOCIATES, COMPANY SECRETARIES

K.K Sachdeva & Associates, is a sole proprietorship firm engaged in rendering the services in the areas of Corporate Laws, Security Laws, Registration of Companies, Partnership Firms, Societies, Trusts, NGOs, Legal Consultancy, Intellectual Property Rights, Statutory Compliance Audit etc. It is the philosophy of the firm to be proactive to its clients' requirements and provide widest spectrum of corporate services under one roof.

The firm is led by Mr. K.K Sachdeva, fellow Member of the Institute of Company Secretaries of India possesses more than 26 years of post-qualification experience as a full time practicing Company Secretary. His expertise includes compliance audit of private and public sector units, SEBI Inspection, Due Diligence of Companies.

BRIEF PROFILE OF SATIJA & CO., COST ACCOUNTANTS

M/s Satija & Co. is a sole proprietorship firm (FRN004907) engaged in the profession of cost accountancy.

The firm is managed by Ms. Deepika Satija, Associate Member of the Institute of Cost Accountants of India (M No.36457). The firm possesses varied Industrial exposure with an extensive experience in the areas of cost & management accounting, cost audit, internal audit, tax consultancy, financial accounting services, business management & financial consultancy, corporate law advisory services and other value added services.

The mission of the firm is to strive continuously to become a hallmark of professional excellence in the chosen field through a focus on adoption of best practices in providing various services to stakeholders.

ANNEXURE-D

BRIEF PROFILE OF MR. NEEL JAY DAVAR

Shri Neel Jay Davar graduated as an Engineer (B S, Industrial Engineering and Operations) from the University of California, Berkeley in 2019. He had earlier completed his schooling from Vasant Valley School, Vasant Kunj, New Delhi.

Shri Neel Jay Davar is currently working with the Product Team at Monument Bank, UK, since February, 2020. Monument is an up-and-coming Digital Bank poised to launch during this year, targeting the UK mass affluent community. As part of the product team, he works on software development, prototyping and manage the Monument Founder's Community.

Previously, he also worked at Morgan Stanley, New York for a short stint as a Wealth Management Intern under their Managing Director, Mr. Nick Kavallieratos.

In the Past, he did his trainings at the following prestigious organizations:

i) Fraunhofer Institute for Experimental Software as a Research Apprentice:

The Fraunhofer Society is a German Research Organization with 69 Institutes spread throughout Germany, each focusing on different fields in applied Science. Over the course of 8 weeks he worked as part of Basys, an Industry 4.0 Project. His role was to extract data from devices via sensors, create a database to push the data into, and build a platform to visualize the data. He worked in Java and Python platforms.

ii) Decacorn Capital Singapore:

Decacorn is a cross-border Venture Capital firm headquartered in Singapore. During his six weeks there, He worked as an Analyst under their Managing Director, Mr. Debneel Mukherjee.

iii) Grant Thornton LLP Gurgaon, India

He worked as a consultant as part of an advisory team under a senior Partner. Worked on Market Reports and Strategy on a variety of different topics including Cereals, Textiles, Telecom, and Automobiles.

Appointment of Shri Neel Jay Davar as Additional Director in the Category of Non- Executive and Non Independent Director of the Company

		ANNEXURE-E
		Appointment of Shri Neel Jay Davar as Additional Director in the Category of Non-
	Executive and Non Independent Director of the Company
S.No.	Details of the Events that need to	Shri Neel Jay Davar
	be Provided
	Reason of Change viz.Appointment Resignatien,	DavarappointedNeel JayShrianasAdditional Non-Non-Executiveand
	Removaldeath-er otherwiseTtAppointment/cessatienDateof	Independent Director of the Company06t August, 2021
	Term of Appointment
		AppointedNonAdditionalanasExecutive Director on the Board of the
		Company w.e.f 06 August, 2021 subjectapprovalshareholders29thofatto
		AnnualMeetingGeneraltheofCompany.
	Brief Profile (in case ofappointment)	Shri Neel Jay Davar graduated as an
		EngineerEngineeringIndustrial(BS,and Operations) from the University of
		BerkeleyHehadCalifornia,in 2019.completedfromschoolingearlierhis
		VasantVasantKunj,ValleySchool,New Delhi.
		He is currently working with MonumentUK,softwareBank,thefieldinof
		developmentHeprototyping.andhasMorganworkedpreviouslyStanley,at
		NewmemberWealthYorkofasaManagement Team under their Managing
	Disclosurerelationshipof	Director.Shri Neel Jay Davar is the son of Shri
	betweenDirectorscase(InofaAppointment as Director)	Co-ChairmanDavar,andJayantManagingMonicaDirectorandSmt.
		Non-ExecutiveDavarandDirectorGrandson of Shri D.N Davar, Chairman